May 24 (Bloomberg) - Atletico Madrid's shareholders plan to add capital to the club through a capital increase, according to a report by As
put money into (the market)
70 million euros to ensure that the club can continue to be competitive.
Atletico Madrid (soccer team)
The Board of Directors approved a capital increase of slightly more than 70 million euros at an interim meeting. In addition, the board agreed to hold an Extraordinary General Meeting of the club's shareholders, which will take place on June 24th and 25th. The agenda of this meeting will include the capital increase, which will amount to €70.7 million if it is eventually fully subscribed.
The main aim of this capital increase is to find a solution for the club to ensure that Atletico can continue to be competitive and achieve the team's goal of being ranked in the top 15 in UEFA. This is vital for the club to remain competitive in both domestic and international competitions.
Atletico's last capital increase was in 2021, when the club's shareholders agreed to a €181.8 million capital increase. This capital increase once again demonstrates the support and confidence of the shareholders in the future development of the club.
Atletico Madrid shareholders plan to ensure that the club will be able to continue its high level of competitiveness in the coming seasons by increasing its capital by €70.7 million. This initiative will not only help the team to achieve better results in La Liga, but also help to achieve the club's ranking targets in UEFA. The support of the shareholders will provide a solid financial foundation for the club's long-term development.
